https://www.taxtmi.com/caselaws?id=43500 The court ruled in favor of the petitioner, emphasizing the importance of the date of bill presentation for calculating the exchange rate under the Customs Act. It highlighted the right of importers to present bills before the vessel's arrival without requiring explicit permission from the Collector, as granted by the second proviso to Section 46(3). The judgment aimed to prevent arbitrary discrimination by the Customs Department in applying different exchange rates based on the date of bill presentation, ensuring fair treatment of importers and interpreting the legislative intent behind the relevant provisions of the Customs Act. en-us Thu, 03 Sep 1992 00:00:00 +0530 Fri, 18 Jun 2010 13:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43500 The court ruled in favor of the petitioner, emphasizing the importance of the date of bill presentation for calculating the exchange rate under the Customs Act. It highlighted the right of importers to present bills before the vessel's arrival without requiring explicit permission from the Collector, as granted by the second proviso to Section 46(3). The judgment aimed to prevent arbitrary discrimination by the Customs Department in applying different exchange rates based on the date of bill presentation, ensuring fair treatment of importers and interpreting the legislative intent behind the relevant provisions of the Customs Act. Case-Laws Customs Thu, 03 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43500